Tag: Flipkart
Amazon bets on Hindi voice shopping to reach wider India
Speaking of Amazon — which is reportedly conducting an investigation to find whether its lawyers bribed government officials in India — the company announced today it plans to roll out the voice shopping experience feature in the Hindi language in the South Asian market ahead of the Diwali festival in…
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Flipkart valued at $37.6 billion in new $3.6 billion fundraise
Flipkart said on Monday it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is considered as the pre-IPO round for the Indian e-commerce conglomerate as it works to list in the public markets as soon as early next year. The new round of funding —…
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Amazon launches miniTV, a free video streaming service, in India
Amazon, which already charges some of the world’s lowest fees for Prime Video in India, is going a step further to win more users in the world’s second largest internet market. The e-commerce giant on Saturday launched miniTV, an ad-supported video streaming service that is available within the Amazon shopping app…
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Flipkart in early talks to raise $1 billion ahead of IPO
Indian e-commerce giant Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation in a pre-IPO financing round, two people familiar with the matter told TechCrunch. The Bangalore-based startup, which sold majority stake to Walmart in 2018, began exploring funding opportunities with some investors…
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Walmart’s Flipkart to cover insurance for all sellers in India and waive additional fees
Walmart-owned Flipkart is exempting storage and cancellation fees for sellers on its marketplace and also providing them with insurance coverage as the top e-commerce platform in India looks to maintain cordial relationships with more than 300,000 sellers who are facing severe disruption amid an unprecedented rise in the spread of…
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Walmart’s Flipkart to deploy over 25,000 electric vehicles in India by 2030
India’s Flipkart said on Wednesday it will deploy more than 25,000 electric vehicles in its supply chain by 2030 as the Walmart-owned e-commerce giant looks to achieve a 100% transition to electric mobility in the next 10 years. The Bangalore-headquartered firm said it has partnered with leading EV makers including…
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